Latest news with #Midwest-based
Yahoo
6 days ago
- Business
- Yahoo
Apella acquires Iowa RIA Iron Horse Wealth Management
Connecticut-based RIA Apella Wealth has acquired Iowa-based peer Iron Horse Wealth Management for an undisclosed sum. This marks the expansion of Apella's financial planning as well as investment management services into the Midwest region. It helps the firm set up a presence in Johnston, Iowa. The transaction adds $574m in assets to Apella's books. The firm managed $6.08bn in assets upon the deal's completion on 20 June 2025. Apella president Jim Scanlan said: 'This partnership represents a significant milestone in Apella's geographic expansion as we establish our first Midwest-based team. We are excited to welcome a highly respected firm, known for its unwavering commitment to clients, to Apella.' Iron Horse is a fee-only advisory firm offering financial planning and fiduciary guidance to individuals and families. As part of the deal, the complete Iron Horse team moved to Apella, with founder and president Dennis Markway becoming regional director. Iron Horse founder and president Dennis Markway said: 'We are overjoyed to join Apella, a team that holds itself to the highest ethical and fiduciary standards and shares our deep dedication to clients, employees, and communities. We are excited to collaborate, share expertise, and learn from our peers, knowing that together we can make a meaningful impact.' This deal represents Apella's 22nd acquisition and the 11th since its alliance with Wealth Partners Capital Group (WPCG), which invested in Apella in September 2021. "Apella acquires Iowa RIA Iron Horse Wealth Management" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Business Wire
24-06-2025
- Business
- Business Wire
Apella Wealth Expands National Presence with Addition of Iron Horse Wealth Management, Adding $574 Million in AUM
WEST HARTFORD, Conn.--(BUSINESS WIRE)--Apella Wealth ('Apella'), a financial advisory and wealth management firm serving individuals, families, and businesses, announced today that Iron Horse Wealth Management ('Iron Horse'), a registered investment adviser ('RIA'), has joined the firm. This partnership establishes Apella's presence in Johnston, IA, and extends the firm's financial planning and investment management services into the Midwest region. Led by Founder and President, Dennis Markway, Iron Horse is a fee-only advisory firm providing comprehensive financial planning and fiduciary guidance to individuals and families. The entire Iron Horse team will join Apella, and Dennis Markway will assume the role of Regional Director. 'We are thrilled to welcome Iron Horse to the Apella team,' said Patrick Sweeny, CEO of Apella. 'We share a commitment to personalized, fiduciary advice, and we look forward to celebrating our collective growth and success.' 'This partnership represents a significant milestone in Apella's geographic expansion as we establish our first Midwest-based team,' said Jim Scanlan, President of Apella. 'We are excited to welcome a highly respected firm, known for its unwavering commitment to clients, to Apella.' 'We are overjoyed to join Apella, a team that holds itself to the highest ethical and fiduciary standards and shares our deep dedication to clients, employees, and communities,' said Dennis Markway, Founder and President of Iron Horse. 'We are excited to collaborate, share expertise, and learn from our peers, knowing that together we can make a meaningful impact.' This marks Apella's 22 nd transaction, and 11 th since partnering with Wealth Partners Capital Group ('WPCG'), a financial services holding company that invested in Apella in September 2021. The transaction closed on June 20, 2025. As of closing, Apella has $6.08 billion in assets under management. About Apella Wealth Apella Wealth ('Apella'), founded in 2014 is a national RIA built around a select community of like-minded advisors who believe in Evidence-Based investing and detailed financial planning. Headquartered in West Hartford, CT, Apella offers a wide range of financial advisory services across multiple locations, spanning both coasts and serving thousands of individual and institutional investors. The firm's financial advisors are dedicated to building lifelong client relationships and providing 'Advice for Life.' For more information about Apella, please visit About Wealth Partners Capital Group Wealth Partners Capital Group ("WPCG") is a financial services holding company, which invests in and partners with select leading wealth management firms. WPCG assists its partner firms by identifying and integrating like-minded wealth advisers who seek access to expanded business capabilities, strategic growth and/or customized transition solutions. For more information, please visit Apella Wealth is an investment advisory firm registered with the Securities and Exchange Commission (SEC). The firm only transacts business in states where it is properly registered or excluded or exempted from registration requirements. Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the SEC. The information here is provided for general information purposes only and should not be considered a recommendation or personalized investment advice.
Yahoo
20-05-2025
- Business
- Yahoo
Aequum Capital Provides $35MM Revolving Line of Credit to Commodity Distribution Firm
CHICAGO, May 20, 2025 /PRNewswire/ -- Aequum Capital is pleased to announce the closing of a $35 million senior secured revolving line of credit to a Midwest-based commodity distribution company specializing in value-added mixing, blending, and recycling services. The facility will enhance liquidity and provide meaningful operating flexibility as the Company executes its turnaround strategy following a challenging period driven by broader macroeconomic headwinds. This transaction underscores Aequum's ability to think creatively and act decisively in complex credit situations. Despite the Company being in the early stages of a turnaround, Aequum was able to underwrite and close the facility in under 45 days. Aequum's collaborative and entrepreneurial approach enabled a tailored financing solution that not only meets the Company's immediate liquidity needs but also supports its growth trajectory. This is a prime example of Aequum's capacity to support borrowers through transitional periods, even when near-term performance or credit profiles present elevated risks. About Aequum Capital Aequum Capital Financial is a specialty finance lender providing senior asset-based and cash flow debt facilities of up to $35 million to small and medium-sized businesses across the United States. For more information, please go to or contact Eric Weisheit at ericweisheit@ View original content to download multimedia: SOURCE Aequum Capital Financial LLC Sign in to access your portfolio
Yahoo
16-05-2025
- Business
- Yahoo
Cult favorite Buc-ee's is opening more stores and expanding into other states. Everything you need to know
Popular Midwest-based convenience store Buc-ee's is expanding. The chain is slated to open four more locations in the United States within the next year. Fitted with enormous gas stations and general stores, Buc-cee's has become known for roadside snacks — featuring BBQ brisket sandwiches and its signature Beaver Nuggets — as well as the 'world's cleanest bathrooms' and the 'friendliest' beaver mascot. Since its founding in 1982, it has attracted a cult following across the country. According to the Buc-ee's website, there are three locations slated to open throughout the latter half of 2025 and one to open in 2026: Harrison County, Mississippi; Brunswick, Georgia; and Rockingham County, Virginia, will open in 2025, and a location in Boerne, Texas, will follow in 2026. The Arizona Republic also states that the first Buc-ee's in Arizona began construction on Wednesday. It will be in the Phoenix suburb, Goodyear, with a slated opening date of June 2026. The convenience store will be located along Interstate 10, hoping to catch patrons as they drive to or from western Arizona or California. Another Buc-ee's in Monroe County, Georgia is slated to open in early 2026, according to the Savannah Morning News. Other locations within the next few years will be in Huber Heights, Ohio, in April 2026; Ocala, Florida, in 2026; an Arkansas location expected to open by September 2026; and southwestern Florida and Mebane, North Carolina, in late 2026 or early 2027. The news of the chain's expansion comes almost one year after Buc-ee's superfans were left heartbroken after the original location of the iconic chain was destroyed in a massive fire. Photos shared online in July 2024 by the Luling Texas Fire Department showed enormous plumes of smoke, contrasting with the chain's happy, smiling beaver mascot. Caldwell County Office of Emergency Management later said the fire had been extinguished and clean-up operations were underway, though it advised the public to avoid the area if possible. No further information has been released as to the cause of the blaze. The original Buc-ee's building opened more than two decades ago in 2003, but was replaced by a brand new center, directly across the road, which opened on June 10, 2024. At 75,000 square feet with 120 gas pumps, the Buc-ee's location is the largest convenience store in the world. Over 200 people are employed there, providing 'thousands of snack, meal and drink options for travelers on the go,' the company told USA Today at the time.
Yahoo
13-05-2025
- Business
- Yahoo
Economic Indicators and Federal Reserve Policy Comments by Michael Eisenga CEO First American Properties
COLUMBUS, Wis., May 13, 2025 (GLOBE NEWSWIRE) -- In light of this morning's Consumer Price Index (CPI) report from the U.S. Bureau of Labor Statistics (BLS), Michael Eisenga, CEO of First American Properties, released the following statement addressing concerns about the current economic trajectory and the Federal Reserve's continued policy stance: 'The data is clear: economic pressure is mounting, and yet the Federal Reserve appears increasingly disconnected from the reality businesses and households are facing. In the first quarter alone, large company bankruptcies were up 7% year-over-year, and 8 more major corporate bankruptcies have been filed in May as of the 8th. That's a warning signal the Fed can't afford to ignore. Today's CPI report for April shows inflation is softening: headline CPI rose just 2.3% year-over-year, down from 2.4% in March, and came in below expectations. Gas, fuel, and food prices are all declining — evidence that inflation is, in fact, cooling and tracking toward the Fed's target. Still, core CPI — which excludes food and energy — came in at 2.8% year-over-year, up from 2.4% in March. While that uptick raises concern, it's critical to understand what's behind the numbers. Shelter accounted for more than half of the monthly increase, and energy costs also ticked up. Yet, many businesses report they cannot raise prices due to consumer resistance. That's not inflationary — that's demand suppression. The idea that rising input costs automatically result in higher consumer prices is flawed. Higher input prices don't translate to inflation when customers can't afford to pay more. The reality is: margins are being squeezed, and growth is slowing. On the labor front, the BLS recently revised down job creation by 800,000 for the 12-month period ending March 31, 2025 — and that accounts for only half of the full-year revisions. It's likely we'll see net-negative job creation in the coming months. These downward revisions are a significant red flag that calls into question the strength of the labor market the Fed is citing. As a business leader, I urge policymakers to take a more nuanced view of the data. The cracks in the foundation are becoming harder to ignore — and continued tightening or inaction risks turning a slowdown into something far worse.' First American Properties remains committed to responsible investment and transparent economic dialogue in the real estate and business communities. About First American PropertiesFirst American Properties is a Midwest-based real estate investment and development firm focused on commercial and residential properties across key regional markets. Led by CEO Michael Eisenga, the firm brings strategic insight and a commitment to long-term value in all aspects of property development and management. For press inquiries, please contact:meisenga@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
